Another issue is the gas station includes a liquor store so opening a new company to buy out business would mean losing the age of liquor license which may be beneficial in the future if they pass a law on permitting more liquor licenses to existing holders. 

If they fail the second inspection, I terminate their lease and remove them as quickly as the law allows.

1st check your state law regarding wholesaling.2nd- As a real estate broker you are an independent contractor. 

I can tell you that this is a very technical area and laws will vary tremendously from area to area.

Thanks Adam .This is great .Will do what both you and John suggested .I am hoping the bank uses a third party appraiser.I assume there would be laws against them using an “in house “ appraiser..I just know they’re not going to want to gibe up getting that $250 a month from us ( PMI).Much appreciated -Christian 

Without trying to justify the big leap into the game, all partners are fully prepared in all aspects to commit to growing our business and be bound to the by-laws of the corp.

So I’m not going to suggest that you break the law for your own gain.  

It's the same on the Jersey coast where my in-laws had a house for decades.  

Every state has different laws around how tax sales/liens work, and counties within the same state may have different quirks or peculiarities in their process even if they all follow the same laws.

@James Sedano If you feel this strongly in favor of having the trust, I would recommend a firm who specializes in estate law or has a practice group who does rather than a generalist.